Del Monty will receive the following payments at the end of the next three years: $9,000, $12,000, and $14,000. Then from the end of the fourth year through the end of the tenth year, he will receive an annuity of $15,000 per year.

At a discount rate of 12 percent, what is the present value of these future benefits? UseAppendix BandAppendix D.(Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.)

what is the Present value of all future benefits?